Cargotec Shares Subscribed with Option Rights
A total number of 14,910 new class B shares have been subscribed with Cargotec option rights that were granted as part of the demerged Kone Corporation's year 2004 option program. The amount of 2005A and 2005B option rights used for share subscription was 2,230 and 2,740 respectively. The subscriptions increase Cargotec's share capital by EUR 14,910. The share capital increase has been entered in the trade register on March 14, 2008 and trading in the shares together with the old shares will begin on March 17, 2008.
Cargotec's share capital after the increase totals EUR 64,235,283. The amount of class B shares after the subscription is 54,709,194 shares. The number of class A shares remains unchanged at 9,526,089 shares. The new shares will entitle to all shareholder rights from the registration date March 14, 2008.
Each Cargotec option right entitles the holder to subscribe for three Cargotec class B shares. The share subscription price according to the terms of the option program is EUR 8.59 per share. After this share capital increase, a total of 173,727 class B shares remain to be subscribed for with 2005A and 2005B option rights, which corresponds to a share capital increase of EUR 173,727. Share subscription period with 2005A option rights ends on March 31, 2008 and with 2005B option rights on March 31, 2009.
For further information, please contact:
Ulla Silvonen, Legal Assistant, tel. +358 40 522 5617
Cargotec improves the efficiency of cargo flows by offering handling systems and the related services for the loading and unloading of goods. Cargotec's brands, Hiab, Kalmar and MacGREGOR, are global market leaders in their fields and their solutions are used on land and at sea - wherever cargo is on the move. Extensive repair and maintenance services close to customers ensure the continuous usability of equipment. Cargotec is the technology leader in its field, its R&D focusing on innovative solutions that take environmental considerations into account. Cargotec's sales are EUR 3 billion and the company employs over 11,000 people. Cargotec's class B shares are quoted on the OMX Nordic Exchange Helsinki.